From the article, seems like the CEO struggle to make company afloat, most of revenue will divest to investment like jerun, don't expect high profit from E&P, Brazil new contract start only in Oct. New driller contract need to unexpected quarantine....
The only positive new is Annuar is committed turnaround asap, I guess will have moderate recover in 3rd QR and hopefully 4Q will have significant rebounce.
Maybe price sideline for a while before pick up probably early of Dec.
Posted by Godofgambler > Oct 30, 2021 2:08 PM | Report Abuse
Oil price has been soaring upwards the past 6 months and Sapnrg is moving the other way. This Godof Lies is just another empty vessel shouting TP at every forum, from Pharma to KNM and now Sapnrg....30 sens from 10 sens...seriously? God have mercy, if this is the best you have.
the edge 1 Nov copy got story about Sapura and interview with Anuar Taib. Dont know can go up or not but when i read it...fell like sapura got challenging years ahead maybe until 2023. :-(
Yeah, from the article if no surprise the price will be sideline. The Q result won't see much change until old contract clear...at least 6 months
Posted by izoklse > Oct 31, 2021 11:56 AM | Report Abuse
the edge 1 Nov copy got story about Sapura and interview with Anuar Taib. Dont know can go up or not but when i read it...fell like sapura got challenging years ahead maybe until 2023. :-(
My biggest mistake is believing in turnaround story for Saprng! Best to stay away until we can see clear indication things really turnaround! Sorry to mislead you guys in the past as i also suffer abit! Totally sold all after getting the last quarter result! Learn from our mistake and move on!
you are right, but when it has clear indication of turning around, it maybe too late...
Look at AA....it still need 2 years at least before can see turn around..haha
Posted by Tobby > Oct 31, 2021 5:07 PM | Report Abuse
My biggest mistake is believing in turnaround story for Saprng! Best to stay away until we can see clear indication things really turnaround! Sorry to mislead you guys in the past as i also suffer abit! Totally sold all after getting the last quarter result! Learn from our mistake and move on!
Oil price rising, USA storage empty, Sapura won loads of contracts. Substantial shareholder buying up huge amounts. World economy picking up you see less cars on the road or more ? coldest winters expected Europe..Yes you guys should sell...I topped up today.
Now Sapnrg with bad record leh. Project delayed caused a bomb to the company leh. High debt high finance cost enuuf to cover by current projects on hand kah. Future projects execution ada delay or not. No one know also leh. Vendor and contractorc demand Cash payment baruaucsupply also another problem will drain ths cash on hand leh. Pray hard no more project delay lah. Look like the new mgmt team without the old birds can perform or not still need time to prove it leh. At mean time still kfc menu only leh. Correct?
at one point in time Bumi Armada was a growing concern from market news and it has since turned around. Am Hoping Sapura Energy will follow suit though it may take a while.
Guys. Sapura is going to move eventually for next earnings sentiment. However ICON offshore is going for higher gearing with the improved cash. Soon will trade 15 cents before cruising for 20 cents. Join the club, easy money.
10 February 2021 - Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries and joint venture have been awarded contracts/contract extension with a combined value of approximately RM1.85 billion.
27 April 2021- Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C) have been awarded contracts with a combined value of approximately RM1.0 billion.
21 July 2021 - Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its wholly-owned subsidiaries in Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling have been awarded contracts/contract extensions with a combined value of approximately RM1.2 billion.
30 September 2021 - Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that its indirect wholly-owned subsidiary and joint venture in Engineering and Construction (E&C) have been awarded contracts with combined values of approximately RM942.0 million and RM1.7 billion respectively with total RM 2.642 billion.
honestly, I'm so disappointed with this share. I have put all my saving in this stock, its already 2 years I stucked and couldn't come out. Hopes remain hopes, never knew whether I can come out or my saving money will burn just like that.
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roslaom
502 posts
Posted by roslaom > 2021-10-30 14:53 | Report Abuse
Banyak duit tiris at middle management level and cronism issues on purchased services and subcontracting works.